# Miracle Automation and Ubtech Robotics form joint venture for humanoid robots in auto manufacturing

Miracle Automation Engineering and Ubtech Robotics plan to form a joint venture with registered capital of CNY 100 million to develop humanoid robots and parts for auto manufacturing. Ubtech will own 87% of the new firm.

- Type: Partnership
- Announced: 2023-08-30
- Where: China
- Value: $13.7M (100.0M CNY)
- Status: announced
- Products: humanoid robots, android parts, auto manufacturing solutions
- Sectors: [Automation and Robotics](https://endata.com/sectors/automation-robotics.md), [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Miracle Automation Engineering](https://endata.com/companies/39722.md) (partner)
- [Ubtech Robotics](https://endata.com/companies/72325.md) (partner)

## Sources

- [yicaiglobal.com](https://www.yicaiglobal.com/news/chinas-miracle-automation-jumps-on-plan-to-set-up-jv-to-make-humanoid-robots-for-car-production), 2023-08-30: "The first sample robot is expected to be delivered before the end of the year."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.